Securities Fraud

If you lost money on an investment because of false or misleading information, you may have a case for securities fraud. Frank LLP's attorneys help investors around the world to recover their losses through class action lawsuits, as well as individual lawsuits on behalf of large investors such as pension funds.

Frank LLP's attorneys built their practice on securities fraud cases. When you hire our firm you can rely on us to aggressively pursue every legal option available, including litigation in search of the best possible outcome for your case.

With every case we take, we fully investigate the company in question to determine whether there was anything misleading or improper about its public statements, or if there were any key omissions that investors should have known about prior to investing. We also utilize a broad network of experts to gather as much information as we can to support your case.

Our attorneys have extensive experience in securities fraud cases and a solid track record of success. We are recognized by the courts for our ability to handle these types of cases and have been appointed regularly by the courts to lead securities fraud class actions.

Helping You Get Through a Complicated Process

Securities fraud cases are extremely complex and require experienced lawyers with special skills to navigate the process. Securities fraud, in its most basic form, happens when the public is misled into buying a security based on inaccurate information about a company and its operations, financial condition, or future earnings potential. In other cases, corporate misconduct, such as improper behavior by management or misstatements of earnings, may come into play.

Our firm focuses on the two primary types of securities fraud cases: the first, sometimes called Section 10(b) refers to any type of deceptive, misleading or improper behavior associated with the purchase or sale of a security which result in investment losses. The other, sometimes called Section 11 deals specifically with public offerings of stock, bonds or other types of securities where companies raise money on the capital markets.

Securities Fraud

Securities fraud happens when corporations or their representatives mislead investors about the value of their securities. Corporate misconduct including misstatement of earnings, accounting manipulations, or other financial misrepresentations contributes to artificially inflate the stock price. Eventually the fraud is detected, the stock price drops and you are left holding an empty bag.

This type of deceptive conduct is illegal and a violation of Section 10(b) of the Securities Exchange Act of 1934. Victims in these cases have the right to recover their investment losses they suffered as a result of the fraud.

Public Offerings

In addition to securities fraud, companies also engage in other deceptive conduct. When a company needs money it will often sell new securities to the public by making a public offering. Unfortunately, in an effort to make its offering look as appealing as possible, a company may include incorrect, incomplete or misleading information in the registration statement and prospectus that must be filed with the Securities and Exchange Commission before the securities can be offered to the public. Failure to properly disclose pertinent information is against the law and is a violation of Section 11 of the Securities Act of 1933.

If you lost money on such an offering, you may have a claim against the company, its officers and directors, and the underwriting firms.

Securities cases are extremely complex and require the attention of a skilled attorney. Frank LLP's attorneys have years of experience and an impressive track record representing plaintiffs in such individual and class actions.

Why a Class Action?

Securities fraud litigation is very expensive. Taking these cases to trial on behalf of an individual investor may be cost prohibitive. However, pooling all the individual investors' cases into one large lawsuit, called a class action, so that the losses can be recovered on behalf of all injured investors, justifies the costs.

Our firm has extensive experience in securities fraud class action lawsuits. We have a good reputation in the legal community and with the courts as diligent and capable attorneys who fight aggressively on behalf of our clients to recover their losses.

In a class action lawsuit, the court appoints the firm that will act as lead counsel in the case. The court recognizes our experience and appoints our firm with regularity in these types of cases.